Principal Corporate Development Associate

Medtronic plc; Minneapolis (MN); On-site; USD 134,000 - 200,000; Full time

Benefits offered by this job

Health insurance

401(k) plan with employer match

Tuition assistance

Job summary

Medtronic seeks a Principal Corporate Development Associate in the Minneapolis area to lead strategic transactions, including acquisitions, partnerships, and divestitures. You will develop financial models, evaluate market opportunities, and coordinate cross-functional due diligence with legal, tax, and finance teams.

The role requires strong analytical and strategic thinking, with MBA enrollment and at least five years of full-time experience.

Qualifications

• Demonstrated experience conducting financial, strategic, and market analyses.

Responsibilities

• Lead and support strategic transactions, including acquisitions, partnerships, investments, joint ventures, licensing agreements, and divestitures.
• Assess project requirements and identify cross-functional resources needed to support transaction execution.
• Develop detailed financial models, valuation analyses, and business cases to support investment recommendations.
• Coordinate due diligence with finance, legal, HR, operations, quality, regulatory, R&D, and IT.

Skills

Financial analysis

Strategic thinking

Market analysis

Education

MBA program (2nd year)

Job description

We anticipate the application window for this opening will close on - 1 Dec 2026

Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first — developing innovative medical technologies that improve the lives of 72+ million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact.

A Day in the Life

The Principal Corporate Development Associate plays a key role in advancing Medtronic’s strategic growth initiatives through mergers and acquisitions (M&A), strategic alliances, joint ventures, minority investments, technology licensing, and divestitures. This individual partners closely with Corporate Development leadership and cross-functional teams to evaluate opportunities, execute transactions, and support strategic decision-making across the enterprise.

The role requires strong analytical, financial, and strategic thinking capabilities, as well as the ability to manage multiple concurrent projects in a dynamic, fast-paced environment. The Principal Corporate Development Associate serves as a trusted advisor and representative of Medtronic in interactions with business leaders, functional partners, and external stakeholders.

Key Responsibilities

• Lead and support strategic transactions, including acquisitions, partnerships, investments, joint ventures, licensing agreements, and divestitures.
• Assess project requirements and identify the appropriate cross-functional resources needed to support transaction execution.
• Conduct market, industry, competitor, and company analyses to evaluate strategic fit and growth opportunities.
• Identify potential opportunities, risks, synergies, and integration considerations associated with proposed transactions.
• Develop detailed financial models, valuation analyses, and business cases to support investment recommendations.
• Evaluate and recommend transaction structures in partnership with legal, tax, and finance stakeholders.
• Coordinate and manage due diligence activities across functional teams, including finance, legal, human resources, operations, quality, regulatory, R&D, and information technology.
• Serve as a primary point of contact for external parties, advisors, and internal stakeholders throughout the transaction process.
• Support and participate in negotiations with counterparties under the guidance of Corporate Development leadership.
• Develop executive-level presentations and recommendations for senior leadership and governance committees.
• Monitor emerging technologies, market trends, competitive dynamics, and organizations of strategic interest.
• Build and maintain a broad understanding of Medtronic’s businesses, markets, and the medical technology landscape.
• Manage multiple active transactions simultaneously, balancing changing priorities and stakeholder needs.

Medtronic follows a flexible work model that includes a minimum of four days per week onsite as part of our commitment to professional growth, cross-functional collaboration, and engineering the extraordinary.

Must Have: Minimum Requirements

• Current enrollment in an MBA program (second year)
• Ability to begin full-time employment in July 2027 following graduation
• Minimum of 5 years full-time work experience
• Demonstrated experience conducting financial, strategic, and market analyses.

Nice to Have

• Experience in corporate development, investment banking, management consulting, strategic planning, private equity, or venture capital.
• Advanced financial modeling and business valuation expertise.
• Experience supporting or leading M&A transactions, including due diligence, deal structuring, and negotiations.
• Medical device, healthcare, life sciences, or related industry experience.

For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.

The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

U.S. Work Authorization & Sponsorship

At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.

Salary ranges for U.S (excl. PR) locations (USD):$133,600.00 - $200,400.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

• Health, Dental and vision insurance
• Health Savings Account
• Healthcare Flexible Spending Account
• Life insurance
• Long-term disability leave
• Dependent daycare spending account
• Tuition assistance/reimbursement
• Simple Steps (global well-being program)

• Incentive plans
• 401(k) plan plus employer contribution and match
• Short-term disability
• Paid time off
• Paid holidays
• Employee Stock Purchase Plan
• Employee Assistance Program
• Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
• Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.

Further details are available at the link below:

Medtronic benefits and compensation plans

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.